Leeward Financial Partners LLC Has $676,000 Position in PACCAR Inc. $PCAR

Leeward Financial Partners LLC lowered its position in PACCAR Inc. (NASDAQ:PCARFree Report) by 73.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,177 shares of the company’s stock after selling 16,981 shares during the period. Leeward Financial Partners LLC’s holdings in PACCAR were worth $676,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PCAR. Brighton Jones LLC increased its holdings in PACCAR by 0.3% in the fourth quarter. Brighton Jones LLC now owns 89,001 shares of the company’s stock worth $9,258,000 after buying an additional 290 shares during the last quarter. Focus Partners Wealth grew its holdings in PACCAR by 15.4% during the first quarter. Focus Partners Wealth now owns 13,604 shares of the company’s stock valued at $1,324,000 after purchasing an additional 1,812 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in PACCAR by 2.3% during the second quarter. Treasurer of the State of North Carolina now owns 240,749 shares of the company’s stock valued at $22,886,000 after purchasing an additional 5,327 shares during the last quarter. Ieq Capital LLC grew its holdings in PACCAR by 11.5% during the second quarter. Ieq Capital LLC now owns 37,404 shares of the company’s stock valued at $3,556,000 after purchasing an additional 3,858 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in PACCAR during the second quarter valued at approximately $81,000. Institutional investors and hedge funds own 64.90% of the company’s stock.

Analyst Upgrades and Downgrades

PCAR has been the topic of several analyst reports. Morgan Stanley set a $109.00 price target on PACCAR and gave the company an “equal weight” rating in a report on Tuesday, February 3rd. Weiss Ratings downgraded PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Wall Street Zen upgraded PACCAR from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Wells Fargo & Company set a $125.00 price target on PACCAR and gave the company an “equal weight” rating in a report on Wednesday, April 29th. Finally, Truist Financial increased their price target on PACCAR from $120.00 to $126.00 and gave the company a “hold” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $122.00.

View Our Latest Research Report on PCAR

PACCAR Trading Up 0.2%

Shares of PACCAR stock opened at $112.26 on Thursday. The company’s fifty day simple moving average is $117.49 and its 200-day simple moving average is $116.14. The company has a market cap of $59.08 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 1.04 and a beta of 1.02. The company has a current ratio of 3.11, a quick ratio of 2.91 and a debt-to-equity ratio of 0.52. PACCAR Inc. has a 1 year low of $90.05 and a 1 year high of $131.88.

PACCAR (NASDAQ:PCARGet Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $1.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.15. The business had revenue of $6.78 billion for the quarter, compared to the consensus estimate of $6.44 billion. PACCAR had a net margin of 8.91% and a return on equity of 12.81%. PACCAR’s quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter last year, the company posted $1.46 earnings per share. As a group, sell-side analysts expect that PACCAR Inc. will post 5.59 EPS for the current year.

PACCAR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 13th will be paid a $0.35 dividend. The ex-dividend date is Wednesday, May 13th. This is a positive change from PACCAR’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a dividend yield of 1.2%. PACCAR’s dividend payout ratio is 29.79%.

About PACCAR

(Free Report)

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.

Further Reading

Institutional Ownership by Quarter for PACCAR (NASDAQ:PCAR)

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